The church acknowledged the proceeding on its web site, saying the Board of Elders is working on the problem.

"First Family Church has demonstrated by internal financial management that it has the capacity to enter into a restructuring with Regions that will repay this debt in full," the church said in a statement in its web site. "We are confident that a resolution will be accomplished. "

Tim Deighton, a spokesman for Birmingham-based Regions, said the bank doesn't comment on customer affairs. He did say that foreclosure is a last resort for banks. Regions has $132 billion in assets